Excessive Bank Charges

Get Your Money Back

The Office of Fair Trading has recently found that the excessive bank charges implemented for going outside the terms and conditions of your account are unlawful, because they do not reflect the true cost faced by the bank. Such violations of your account include exceeding your overdraft limit, bouncing cheques or having insufficient funds for direct debits. You might be able to claim back these excessive bank charges by:

Writing to your bank to request a list of the charges and requesting that they be refunded to you. If this fails, write again to inform them that you are willing to take the case to a small claims court.
Using an intermediary company that will do the work for you and claim back the excessive bank charges on your behalf; such companies will also give you advice and represent you if it cannot be settled out of court.

Going through a company can be beneficial, because they often have agreements with the banks which can speed up the claiming process and also increase your chances of a successful claim.

We can put you in touch with Claims Financial, a company that specialises in reclaiming unfair bank charges, providing: